How Should Employers Recognize Employee Benefit Plans That Do NOT

question 82

Multiple Choice

How should employers recognize employee benefit plans that do NOT accumulate?

• A) Recognize the liability and cost over the life of the employee.
• B) Recognize the liability and cost over the length of service.
• C) Recognize the liability and cost when the event occurs to obligate the company to provide the benefit.
• D) They don't need to recognize them.

---

Definitions:

Cash Register

A mechanical or electronic device used in retail environments to calculate and record sales transactions, and to store money.

Job Specification

A detailed description of the qualifications, skills, and experience required for a specific job or role within an organization.

Critical Incidents

Involves specific events or situations in the workplace that are used to evaluate employee performance, often highlighting areas of excellence or areas needing improvement.

Competency-Based Analysis

An approach to job evaluation and employee development that focuses on the specific skills and abilities required for a job, as opposed to generic job roles.